Developers. 46,556f (74 units) saleable in Coquitlam, 5-storey medium density - $11.650M

For those developers/investors looking for a READY project.

- 5-storey medium-density apartment residential. 46,556 saleable. ~56,669 Buildable

- Lot Size: 28,065 sq ft Lot. Consist of 5 assembled properties and negotiated lane property from the City of Coquitlam. 

- Approved FAR 1.73. 

- PLA is in place.

- 2nd & 3rd reading passed

- Civil work paperwork received

- DP ready to be picked up, fees NOT paid.

Neighbourhood: Maillardville. Near Macklin Park. 

- Limited wood build projects in the area. Nearly all are concrete.

- 74 units. 

studio – 4,
1 br – 10,
1 br + den – 29,
2 br, 2bath – 18,
2 br + flex/den – 4,
3 br – 4,
3 br townhouse – 5

- 2-storeys of underground parking

- $22,000 in current monthly revenue. Modern homes built post 1992 and 4-plex.

MLS Sales - Market Summary(May 5/23) 

Wood Frame, condo, Last 30 days, less than 3km, less than 2yrs old - SOLD

• last 30 days– 7 sold. Median $862/sf
• last 90 days – 23 sold            $847/sf

Wood Frame, condo, Last 30 days, less than 3km, less than 2yrs old - ACTIVE

• 33 Active. Median                   $874/sf

Concrete, condo, Last 90 days, less than 3km, less than 2yrs old - SOLD

• last 90 days - 4 sold -              $1,058/sf

Summary – approx. 9.7- 12% difference in price from wood frame to concrete. Approx double sales of concrete to wood frame.

Email Shaun for further information; unit mixes, DP fees.

Drawings available with signed Non Disclosure Agreement.